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"We had taken Healy Consultants assistance in incorporating our entities in some of the complicated jurisdictions. Their approach right from the beginning has been very systematic, clear and efficient. It has been a pleasure to work with all of them."

"Thank you Healy Consultants for swiftly project managing my engagement. From the moment I met you in Singapore Healy Consultants attended to my requirements and specific needs. I am more than satisfied with your service. Moreover, your weekly updates allowed me to continue to focus my attention on my global business while trusting you to deliver as promised."

"Thank you Healy Consultants, you were instrumental in setting up of my Hong Kong based company, the whole process was completed in a professional and timely manner."

Terry Skews, CEO Brittany Offshore Limited

"Healy Consultants, a professionally managed firm with clear understanding and knowledge about what client expects from them and delivers the same in a professional and timely manner. Kudos to their team."

"Incorporating any company is comparable to setting the foundation blocks of your new company building, which you aim to build in the best location available. By choosing Healy Consultants you are laying the perfect foundations."

"The one word that defines Healy Consultants is perfect professionalism. If you have Healy to set up your business abroad, you could focus on the operational overhead and let Healy take care of the rest. From Incorporation to Taxation, it’s a one stop solution. Rest assured, you will have the best people in the Industry working for you and providing you with the best possible information and suggestions."

Raja Chakraborty, Director Streamlyn Pte. Ltd.

"Thank you Healy Consultants for successfully project managing our business set up in Kuwait, Lebanon, Qatar and Bahrain."

"When it was time to establish a Space Academy in Singapore, TriVector needed a knowledgeable firm that could not only help us establish our infrastructure, but could also advise on the local and regional business climate. Healy was that firm, which is why we've been satisfied Healy Consultants for almost five years now."

"Healy Consultants were instrumental in the set up of our company. They have continued to provide exceptional support and advice over the years."

Susan Gunnery, Managing Director Qudoss Group

"Healy Consultants is the best firm that we have ever worked with. Through our entire business relationship we were satisfied with provided level of quality and services. Healy Consultants have been responsive and detail oriented which has allowed us to stay focused on our business and not getting distracted with small details."

"Not only did Healy Consultants have expert knowledge of local requirements, they also understood my needs as a foreigner, which is something lacking with the Singaporean consulting firms I spoke to. They drove the process from start to completion. I’m more than satisfied with the service."

Australia limited liability company

Business entities in Australia

Foreign entrepreneurs willing to setup a business in Australia commonly do so through the establishment of a limited liability company, locally known as a proprietary company. Occasionally, registering other types of entities can be an alternative strategy Healy Consultants will suggest, according to the business plan of our Client. When setting up a business in Australia, it is recommended (but not mandatory) to open a local corporate bank account in Australia. Please refer to this page for corporate banking in Australia.

The Australian Limited Liability Company (Private Proprietary Company)

A limited liability company can be formed in Australia with only i) one shareholder ii) one director and iii) no minimum paid-up capital. Foreigners living outside of Australia are however required to appoint at least one director ordinarily residing in Australia. Healy Consultants can provide nominee services to assist our Clients to comply with this legal obligation;

After securing its registration certificate (locally known as the Australian Business Number, ABN), the company must prepare financial statements every year. The company is however required to register and submit monthly GST reports only if its annual sales exceed AU$75,000 (approximately US$55,000);

Best uses: The Australian proprietary company is usually used when a single entrepreneur or a group of businessmen who already knew each other well want to do business in Australia. Such business entity is adapted to form SMEs.

The Australian trading trust

In Australia, it is possible to use a trust as an alternative to a company in order to trade with customers. In order to do so, the trustee(s) must register the trust with the Australia Companies Registrar and the tax authority I order to obtain an Australia Business Registration Number and a Tax File Number. The main requirement for acceptance is to appoint a resident either as i) trustee or (if all trustees are residing overseas) ii) a public officer. Healy Consultants will assist our Client to meet these requirements;

The trading trust is usually structured as a tax transparent entity, not subject to corporate income tax in Australia as long as all income is passed through to the trust’s beneficiaries;

Best uses: the trading trust is an interesting business vehicle for a family-owned business.

The Australian limited liability partnership

The Australia Partnership Act of 1963 provides for the registration of limited partnerships, between i) general partners who are liable for the partnership’s activities on their personal assets and ii) limited partners who are only liable for their committed contribution at the formation of the partnership. At least one general partner must be residing in Australia;

Partnerships are usually tax transparent, in the sense that the income derived through the partnership is not taxable at the “corporate” level but as personal business income of the partners themselves. The partnership however is still subject to standard GST and employer registrations;

Best uses: due to the unlimited liability of the partners, a partnership is a good entity to raise corporate finance with banks, as it is considered as an entity less prone to credit risk, provided of course the general partners can provide evidence they have sufficient collateral for the requested loan.

The Australian Public Limited Company (Unlisted Public Company)

Registration of a public company in Australia follows similar requirements and requirements to those applying to a proprietary company. The main differences are i) the need to appoint at least three directors, amongst whom two resident directors (instead of one) and ii) the obligation for the financial statements to get audited (while proprietary companies can benefit from the small business exemption;

Best uses: The Australian public company is usually used by group of businessmen who do not knew each other well want to do business in Australia while making sure that the management represents all parties and the financial statements represent a fair summary of the company’s profits and losses. Such entity is also required before an eventual IPO on the Australian Stock Exchange.

The Australian branch

Foreign corporations can register a local branch of their overseas company. The procedures to do so are easy to complete and only require i)appointment of a local agent allowed by the foreign company to accept services of process and notices on behalf of the foreign company and ii) a registered address in Australia. After its registration, the branch must submit annual financial statements with the Australian Companies Registrar (ASIC);

Best uses: the main disadvantage of a branch compared to a subsidiary is that the overseas company is subject to unlimited liability for the activities (and losses) of its Australian branch. A branch is hence recommended only if the operations in Australia will be simple to manage from overseas and do not create any legal risk. Another advantage of the branch is to consolidate the financial results of the Group it belongs to.

The Australian Representative Office

Where a foreign company does not intend to carry on business in Australia, it may seek to establish an Australian representative office. Such an office must however only engage in activities which will not amount to carrying on business, for example market research;

Best uses: the representative office is an attractive business entity prior to first ventures in Australia, when our Client is not yet ready to start operations and does not need a local entity to make local sales, but still want to conduct survey or have a local presence in the country.